Trump family-backed miner American Bitcoin posts $59M quarterly loss

CoinTelegraph

by Christina Comben

February 26, 2026

AI-Generated Deep Dive Summary

American Bitcoin Corp., a cryptocurrency miner backed by the Trump family, reported a $59.5 million net loss for the fourth quarter of 2025 despite a 22% increase in revenue to $78.3 million. While the company achieved a strong gross margin of 53%, its financial performance was weighed down by significant non-cash losses tied to digital assets, including markdowns on its Bitcoin holdings. The miner's total Bitcoin stock surpassed 6,000 coins during the quarter, but its ability to mine Bitcoin at a 53% discount to spot prices did not offset broader market challenges. The company’s full-year 2025 net loss totaled $153.2 million, driven largely by fair-value adjustments on its Bitcoin holdings. These markdowns reflect the volatility and fluctuating valuations of digital assets in a rapidly evolving market

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Originally published on CoinTelegraph on 2/26/2026